Upstart expands auto lending while Citizens cuts target for Upstart stock

Published on 10/25/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MIT FCU serves 35,000 members and added auto lending on October 21, 2026. Citizens cut its target to USD 18 from USD 20 for Upstart stock.

Auto lending and earnings date

MIT Federal Credit Union expanded its Upstart partnership into auto lending on October 21, 2026.
September originations reached USD 1.38 billion on October 5, 2026.
Upstart's third-quarter results are scheduled for November 3, 2026.

UPST, US91680M1071, Illustration mit AI erstellt.

Upstart Holdings (ISIN US91680M1071) expanded its partnership with MIT Federal Credit Union into indirect auto lending on October 21, 2026, a move that adds a secured product to the relationship. According to Upstart, MIT FCU serves more than 35,000 members.

Partnership broadens the lending mix

The new auto channel builds on MIT FCU's personal lending partnership with Upstart, which began in 2024. Upstart said its platform connects consumers with more than 100 banks and credit unions, while more than 90 percent of its loans are fully automated, according to the October 21 release.

What does USD 4.12 billion signal?

Upstart published USD 1.38 billion of September originations on October 5, 2026, up 44 percent from a year earlier. Third-quarter originations for July through September reached USD 4.12 billion, but the company's credit-risk indicator also stood at 1.49, above its long-run baseline of 1.00. The figures make loan growth and credit performance the central operating tests for the next report.

Three events shape the setup

On October 5, 2026, Upstart reported September originations of USD 1.38 billion in its company release. On October 13, 2026, Goldman Sachs cut its price target from USD 39 to USD 28 while keeping a Neutral rating, as Markets Insider reported. On October 21, 2026, Upstart announced the MIT FCU auto-lending expansion.

November 3 results date

Upstart is scheduled to release its third-quarter 2026 results on November 3, 2026, with the webcast set for 8:00 a.m. Eastern Time, according to Upstart. The report will show whether the strong origination volume translated into revenue and profit while credit risk remained elevated.

Auto lending meets a near-term test

The partnership supplies a concrete expansion of Upstart's product reach, while the November report will provide the next quantified test of demand and credit quality. The Goldman Sachs target cut from USD 39 to USD 28 underscores the gap between operating growth and investor expectations.

The further course of trading is shown by the continuously updated real-time quote of Upstart stock.